Will Australia 200 Index have enough momentum to break resistance?
Australia 200 Index is heading towards the resistance line of a Channel Up and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t […]
Huge bearish move on FTSE China A50 Index
FTSE China A50 Index has moved lower by 2.33% from 13445.51 to 13132.74 in the last 2 days.
Breach of important price line imminent by Hong Kong 50 Index
Hong Kong 50 Index is moving towards a line of 20274.0000 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Hong Kong 50 Index […]
Important price line breached by FTSE China A50 Index
FTSE China A50 Index has broken through 13485.5703 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, FTSE China A50 Index may be heading towards 13301.4883 within the next 2 days.
What’s going on with Australia 200 Index?
Those of you that are trend followers are probably eagerly watching Australia 200 Index to see if its latest 0.94% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 13 hours move.
Australia 200 Index – resistance line breached
Australia 200 Index has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 16 days and suggests a possible target […]
Hong Kong 50 Index – getting close to psychological price line
Hong Kong 50 Index is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 10 days and may test it again […]
Australia 200 Index – getting close to psychological price line
Australia 200 Index is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 6 days and may test it again within […]
Breach of important price line imminent by FTSE China A50 Index
FTSE China A50 Index is moving towards a line of 13742.8604 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If FTSE China A50 Index […]
Will Australia 200 Index have enough momentum to break support?
Australia 200 Index is heading towards the support line of a Channel Down and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t […]